ally bank. your money needs an ally. mcdonald's is changing its name in the land down under. for one month mcdonald's restaurants will be named macca's. 50% of australians use the nickname instead of mcdonald's. the dow is down about 67, the "fast money halftime" guys are here in the house, some of the most handsome men in the building, as a matter of fact.

let's get to the "fast money halftime." >> thanks very much. welcome to the halftime report today, coming to you live from the new york stock exchange. four hours to go until the close and here is where we stand in the trading day. right now stocks giving back something yet again. there's the dow down one half of one percent, the nasdaq trading in tandem. here what we're following, phone wars, verizon's ceo will join us. and yum sales pull back. is it a buy are opportunity or buyer beware? and next, the next leg of stocks. after hitting five-year highs just days ago, the market appears to be looking for a direction now. we're trading the action from

the big board today. pete, we hit piece thithese fiv highs. now we've had a pullback. what do you make of that today? >> i think we expect expected that. you look ahead, what are the next legs and it's the financials and industrial space. the industrial space, the reason i say that we've been watching china stabilize for a while. if you believe in that story, which i do, i think we're starting to see growth over in china. i think because of that these industrials can do very, very well. i don't know that it will be this quarter but i think going forward the industrial space is a base we can move off of but the financials will put us to the upside. we get to the xof, close above that 17 level for a couple days in a row, get into the earnings season and jpmorgan can put the flash in there, we're going higher. >> what is the retreat in stocks telling you now? >> i think this is the most

constructive thing that could be happening. this is what you want to see if you're bullish. we're very close to new highs and you've consolidation on very low volume. my favorite feature of the option this week is the fact that correlations continue to stay almost nonexistent. in other words, even when you have down days, you have money that continues to work. i'd like to see them rotate sector to sector without a lot of panic. even though we're opening down and staying down. >> it looks like we may start off getting out over our ski as little bit. let's folks on the vix. the vix is down in the $14 range. get long your core names, get long your apples if you want to, you go out and can buy puts at a price to protect your down side. >> that's what i did. my apple position, i tried to

take it to half size, add it to full size. could is slip below 500? it absolutely can but this is a name i want to add on a long term. morgan stanley i added to that name as well. i did take off what i had left in tjx. i'm focused on sectors. financials, industrials and let's add materials to that. >> one this evening on materials, though, i would caution let's get this alcoa report out of way and see how the market reacts to it. >> alcoa doesn't matter -- >> i know we say it doesn't matter. >> can you flush it down the toilet, it doesn't matter. >> what alcoa says about china could be -- i don't care about alcoa. i would get that report out of the way before a head long dive into copper, steel. give that a chance to marn eight. if the all clear is sounded, you'll have plenty of time. >> why doesn't it matter, pete? >> it's the least important of

all of these earnings. we all talk about it because it kicks off the earnings. to me alcoa tells me nothing. >> it doesn't tell you about the strength in the airlines or cars or global economy or china or anything else. >> they're in every vertical. >> u.s. steel has had a nice move, it's a name we've been watching for that reason. if china is going to start to pick up, you're going to see u.s. steel going a lot higher than 25. >> the evidence is the actual math, the earnings. significant contraction in eps and sales growth in materials. what sector will have the biggest snap back? it's going to be materials. they're going to see positive eps and positive sales growth. what does that mean? all the analyst expectations that were taken down significantly, they're going to have to re-up again. that's a tradeable, investable thesis. >> as stocks have moved to new highs earlier this year, treasuries are off to their worst start since 2009 with those like leon cooperman saying

they see a bubble in bonds. one of the street's most respected voices disagrees with that. tony, it's good to have you. why no bubble? you have some real smart market players out there saying that's exactly what they say. >> what and a half years ago on cnbc's web site i posted a note called "bond bubble basketbabbl cited a number of things we would continue to cite. can you imagine a demographically older population wanting to go down in the capital structure, which is to say take more risk. we can't. that's one of the major things. secondly, investors have experienced two shocks in a decade's time plus. 2000 the bubble burst and nasdaq cut in half and 2008, these things linger in people's minds.

i watched the movie "jaws" in the 70s have been afraid to go in the water ever since. the public, the investing public, wants insurance and wants safe assets and the world of safe assets is shrinking. the fdic on december 31st had been insurance deposits in noninteresting bearing transaction accounts over $250,000 but those are no longer insured. the world of safe assets in that realm just shrunk by a tune of $1 opinion 6 trillion. that leaves more money for bonds opinion and finally, the federal reserve is sitting like an elephant on a ant. to call it a bubble requires a chang of these things and a change in the cash flow story. all you care about in the end as

a bond investor is getting your money back. the likelihood of that is high now with cash levels high at corporations. >> at what point do you start to worry that you could see -- is it 2% in the ten year, for example, tony? we were right there. if we were to push past 2%, the yield and the ten year, is that a worrisome signal for bond investors, a sign that if it's a bubble or whatever you think it is, rich or not that, it could deflate? >> well, we're expecting longer term interest rates to rise and so we would be underweight or even avoid issues beyond ten years maturity. so one should be in the shorter parts of the curve where you're protected at least by the things i mentioned and of course the federal reserve policy, which is going to be very supportive of the bond market for quite some time because the fed said it will continue to purchases asse

assets. that 2% mark would be perhaps important to technicians and rates would rise a bit but wouldn't expect a meaningful rise in rates for some time. >> i guess my question to you would be isn't interest true not every bubble has to burst, some can just slowly leak out air over a long period of time? we've just come off a long period where investors put money into bond funds over stock funds at a rate of 33-1. isn't it possible we get a slow leak as economic data continues to improve? >> the world of financial assets is growing. it doesn't mean money has to come from one play to another, the pie just gets larger. there is a lot of cash sitting on the sidelines so money can go from cash to stocks and not necessarily come from bonds. i give officer list of reasons why, in fact, the money will stay with bonds for some time. there could be spurts where

people get a little nervous and some of the fast money, the nervous nillies so to speak, get out. when -- >> so what you're saying is the great rotation from bonds to stocks can never happen based on the demographic of the country and some of the other things that you mentioned at the very top here. is that what we're to believe? >> these are extremely powerful influences. think about a 60-year-old who has lost money in his or her moment, a 30% decline in the price who experienced these two shocks in a decade plus in the financial markets. do you think they would like to have more volatility in their portfolio when they're looking at retirement somewhere out in the not too far distant future? probably not. they're not going to want to move down in the capital structure in a meaningful way or not just move out of bonds but out of less risky assets. these are powerful forces to

contend with. the baby boomers began turning 65 in 2011. there are 43 million people that age. there will be 70 million plus by 2025. this is a powerful contingent that won't want to move into risky assets. there will be spurts when people get nervous, but when rates rise, it will entice people to come right back in. >> tony, thanks so much. >> my expectation would be that whatever allocation we see out of fixed income into equities, it will be orderly on a lot of what tony is saying. however, i do think there lab significa will be a significant benefic l beneficial -- >> the great rotation, forget about it. not going to happen. >> i think we're in an environment, scott, where you

can have both. kind of as joe is saying now, can you have some money coming into the equities market, that's going to boost up the equities market but there will be demand for bonds i agree. >> we have a phenomenon now known as -- people are going to hate this -- bond-like equities where you have something like a johnson & johnson with a higher yield than its own ten-year bond. there are quite a few of those, multi-national companies, not susceptible to the risk of any one geographical location. they're being treated at bonds. i don't think that stops. >> pete, the debt ceiling debate is likely to get ratcheted up. all of these things are like live to keep a bid in bonds simply because of the volatility that will bring. >> how about the bid in something like the pharmaceutical sector, the utilities and murph brought it up earlier, when you can buy

protection now and get yourself into positions that you think not only will increase but a case in like a merck, i've been in merck for a while, getting a 4% dividend yield. i haven't had a reason yet to decide when and if i'm going to buy some put protection. but for those that are far more conservative than i am, that certainly would be something that would flash in your brain. i'd rather be there far more than i would in bonds. >> td ameritrade reveals how investors really feel about the markets. >> and yum brands weather the shares. and we go to the largest tech trade show. >> verizon is making news and its ceo will join us after the

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welcome back to the "fast money halftime report." take a look at apple and google not doing whole lot. google on the down side. at&t reporting more than 10 million smartphones were sold in q 4. they noted this includes record sales of android and apple phones. but maybe the 10 million isn't a big enough number, scottie, because the stocks aren't doing

a whole lot. >> they're going to be waiting and watching for apple earnings before placing their bets on where the next leg could be, don't you think, in apple? >> absolutely. you watch the price action in apple. it's it came down, it went 505, went bow low 500 long term. i like the way it's been holding, making higher lows. 531 this morning, when the earnings announcement comes out, as long as we below 550, i'm going to stay long. >> are you worried at all, joe that, samsung and net glassy pho -- galaxy phone is gaining ground and momentum? >> concerned, i wouldn't say necessarily worried. i do respect and agree with what murph is saying, if we can get a number north of 50, keep in mind the quarter prior 2011 they did 6.7 million.

if you extrapolate these numbers, you got a good shot to get to 50 million. if you get that, i think the street has really taken apple ownership from that overweight stance and i think the race in the paint is really towards the up side to get back in again. >> are you guys accepting, pete, of the fact that margins are not going to be exactly as they were, especially when you hear talk of the iphone mini coming down the line? >> that's part what we have to accept. it's not just a fundamental story but that's the one fundamental i would point out. that is something people are focused on. you're still talking about a company, when you talk about the money they make, if you look at the at&t numbers, somewhere between 45 million and 50 million iphones. that's a heck of a number. >> lost is the fact that samsung or another competitor doesn't have the ecosystem.

itunes alone is selling -- >> the product refresh cycle, they're able to narrow it more and more and that's favorable. >> verizon had its strongest fourth quarter for smartphones ever and its ceo is optimistic that strength can continue. local mcadams joins us live with our very own julia. >> we're very happy to have lowell mcadams with us. what's driving this growth? >> we made some pretty significant investments. we bought a lot of spectrum, declared for lte four years ago, it took us a long time to build this network. we brought along a lot of devices.

the iphone is an lte device, samsung is an lte device. it's come together to bring good success. >> what's your outlook for 2014? >> we expect to take the momentum from the end of 2012 into 2013. this afternoon we'll talk about all the new applications coming out. it not good enough just to have the best network. we need to bring the best application. >> and voda phone, you said you're interested in buying out the stake in verizon. what's the uptake now? do you have a road map? >> there's really not a lot of news here. we said if voda phone was a willing seller, we'd be a willing buyer. if things change and they want to get out, the news is we believe very strongly that we could execute that transaction. >> scott, you want to jump in? >> mr. mcadams, great to you have on halftime. i want to expand on the apple

conversation if we could. t-mobile is parliameexperimenti ending subsidies to which you said "that's a great thing." i'm sure you think it is, although i doubt consumers think it would be. do you think they're ready for something like that? >> that's the other part of the quote. we have an interest in italy where it's outlawed to have subsidies and we know how the market reacts. that's good from a carrier perspective. i'm a doubting thomas. i'm not sure customers are ready to pay $700 for an iphone or galaxy 3. we'll have to see and let them try. >> we can sort of put to rest that the model of subsidies -- it's not changing any time in the near future. you'd be willing to go that far, right? >> no, i'm not sure i would. but i think we will be ready to make any kind of a move that the customers want. if you look at what we just did

on price plans with our share everything, customers have been telling us they want to have all of their devices into one bundle. we launched that plan. i think that's part of the reason we saw 30% of our net adds being new to verizon in the fourth quarter. we'll be ready to react to customer demands. i'm not sure they're ready to pay $700 for a smartphone. >> who has the most exciting product on the market now? is it apple, samsung, nokia, lumia, who has the best? >> the good news is that's never ending story and it always changing. i heard your debate around the ecosystem around samsung and i disagree. we sell roughly 50/50 between

android and iphone devices. this is a war that's never going to end and i think that's good for consumers. >> a question about the very crowded video landscape. here at ces it's full of different video streaming options. how are you going to have your fios compete and how are you going to roll it out? >> the good news is we can provide the best service. if you look at fourth quarter, we probably lost a good six weeks because of the sandy impact in the northeast and we still did 130,000. so the demand is there. if you look at where we were two years ago when we came to ces, the average speed into the home was 50 megs. we just launched fios quantum that's 300 megs. >> i understand in your key note later you're going to be making some announcements. what are the new businesses you're getting into? >> well, we're going to

highlight several different products. and they come into areas like health care, education, energy conservation and we'll show -- we'll demonstrate applications on each one of those. and if people that are here in las vegas go by our booth, you'll see them. one of the very interesting ones that's being adopted in new york is what we call golden eye. it's a way for first responders to be able to see on a private camera the biometrics of the firefighters, they can see the layout of the building, they have an infrared camera, they can spot people in distress that can't help themselves. >> great. we look forward to seeing more of that verizon technology at work. unfortunately we have to leave it here. thanks so much for joining us, lowell mcadams, ceo of verizon. >> they're going to kill me in the control room, i'm going to ask you one more question anyway. rim shares had this huge run to the end of the year on this

heightened expectation of what blackberry ten is going to deliver. are you as optimistic for that new product? >> the term would i use is hopeful. there's an awful lot of dedicated blackberry users out there and they've been waiting a long time for an exciting product. i'm hopeful this is a great product out there to meet the customers' needs. >> it good to talk to you, sir. thanks so much. guys do you want to make some trades based on that conversation in. >> that sounded like a no. >> that sounded like i won my debate with josh on rim a couple weeks ago. >> nothing's over. >> i say stay with apple and samsung is a great name butch stay with apple. >> i like verizon and i like the partnership, talking about the delivery of content into the consumers' home.

i like verizon for the dividend yield but the lte expansion, they are the leader, they invested in it. verizon is a name i continue to own. >> just a few hours from now, we'll head to the floor here to get the latest trades. plus the new index measuring how retail investors really feel about the market. and taco bell, we debate whether investors should head for the border. at 1:45, the aflac duck was brought in

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welcome back to "fast money." take a look at sears.

didn't look so bad at the open but things have gotten first. their comps quarter to date down 1.8%, triple the daily average volume. lambert is taking it over. >> we know the guy can manage money, okay? >> he can manage money. can he manage stores, though? >> can he manage that? >> would i see no reason to invest in this. when you have a sears, it's reminiscent of best buy. you're hoping for a hail mary when there are so many other names out there working. you have 22% short interest in sales, he's unproven as someone who can run a retailer. i would stay away from this name. >> j.b.? >> i don't know why this guy wants to run this company anymore. it's like ten years of this. the stores are horrible, linoleum floors, fluorescent lighting, nobody wants to shop there. >> what's the down side?

>> that's the problem. >> that was a joke. >> there's too many people against it. you don't want to be short the name. why would you beat your head against the wall on a retail that is out of favor with consumers. there are so many better places to be. >> are you as optimistic as j.b.? >> i'm as optimistic on sears as i am on jcpenney. both are lost, don't know where they are, they don't have the proper leadership. i see no reason to waste my money. >> you can own target. target is expanding into china, doing everything right in china. >> target is making some mistakes. they're trying to compete with amazon. >> to try to compete with amazon in price, it's already been proven that amazon will take a loss. so i don't like the strategy today. >> as earnings season kicks off, we'll get more insight into one of the most closely watched sectors when wells fargo reports fourth quarter earnings on friday.

steve grasso, director of institutional sales joining us. grasso, it's good to be in your house today. >> nice to have you guys in. >> financials have ripped. last year. and they've started out the year pretty well. what are you looking for? >> wells fargo kicks it off. if you look at it on a price range, it's really cut in between here. 34 is your support, resistance 36 1/2ish. for me i'd rather wait and see approach here. they're looking to get into more private wealth asset management. if that's the case, why not go with a frc or first republic, stay with a goldman sachs. >> let me get your take on alcoa. pete said you might as well flush the earnings report down the toilet, that it means nothing. those were his exact word. >> exact words! >> is he right? >> i agree. not only did alcoa get rid of

smelting plants but pete had two that he wasn't using at all. if you look at alcoa, since around may 1st, they've been playing around with the same $2. it looks like an $8, $10 swing. you can make money but it's tradeable, not investable. >> as a guy who makes his living on the floor of the exchange trading stocks for large institutional clients that if alcoa comes out with a good report, it going to be better for the stock market that, overall sentiment is going to take a lead from that? >> yeah, i mean, if i get in my delorrian and we time travel back to 1985. your premises right to a certain extent but at this point it a different atmosphere, a different environment. nobody looks for alcoa to lead anymore. it's not the barometer it once

was. i think they look at it as a trading vehicle at this point. >> next time a little coffee and donuts for the boy, all right? >> you got it. >> nice host. coming up, td ameritrade ceo fred tomczyk joins us. and the country behind pizza t hut's outlook. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade.

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back to the news.

i don't particularly like any at this phase. i just feel deeply uncomfortable, hey, about the future economic position of the world, b, about the geopolitical situation of the world and, c, about social unrest in different country. >> well, they don't call him dr. doom for nothing. what do individual investors really think about the market? right now most gauges of sentiment are based simply on

surveys but td maameritrade is changing all that. marc faber is always colorful. he has his own view, his own sentiment. why this now? >> we had two objectives. the first is to answer the question we get most frequently from people like you and from media people, basically always asking us what's the sentiment of the retail investors? a lot of people look at our result, whether it's trading activity or et cetera and sap that's the barometer of the retail investor. we've used surveys in the past and surveys basically give you what i would consider stated importance, which is a marketing concept. marketing teaches us it's also important to understand actual importance. this is really changing from what they say they're going to do to what they're actually

doing and how they're positioning their portfolios. >> who are you going to track most specifically? and do you think it's going to give us a better overall read on perhaps not only how investors feel about the market, but about where the market itself may actually head? >> i don't know about it will give you an indication of where the market will head, but it will tell you on a relative basis, whether retail investors are becoming more bullish and actually the way they position the portfolio or becoming less bullish or in fact bearish. >> the folks who are going to be included in this index are from where? >> basically td ameritrade clients. we have the largest pool of retail investors and active retail investors in the market. that's why people look at us as the barometer. we wanted to leverage that information and that data across all the market and it's hard to get it right because you have so many different asset classes and choices of leverage that it became complicated but we've got it figured out now. >> joey?

>> i would just ask you guys -- >> or josh. >> we were talking you guys do a big business with investment advisers like myself, but they're professionals. are there any plans to bring the same idea to all of the money that you're in custody of for professional asset managers to get a read on what they're doing as well? >> right now this is all on a retail client base, about 6 million investors. we could take the same concept to the investor base. the second part of this would be then to turn it into actionable information and content for the retail investor. we've always had a view to levelize the playing field between the retail investors and the institutional investor and to help them with content, tools, information and products. so this will turn into a play on social media. >> the retail investor and the big fish, they're always going in the opposite direction.

is this going to bring them closer together, going in more of the same direction? >> i don't know whether it will or won't but it will help them connect to other retail investors and what they're thinking and how they're positioning themselves, which they tell us is very good information. >> joe? >> just real quick, how do you incorporate what is clearly the single largest growing investment vehicle, etf? >> it takes all asset classes, security, etf, bonds, and it it uses a beta-weighting concept to standardize the positioning. >> we talk to fokts every day about investor confidence, investor sentiment, whether people people good about the market, whether the individual investor is coming back into the market. how do you feel about the individual investors's place in the market right now? >> if you look at the index and what i would say we see in the market, there's been a lot of

uncertainty over the last 12 to 18 months. if you look at the imx basically, we're at the highest point right now than we been in 12 to 18 months. so people are tending to be more bullish on a relative basis. i think we have a market right now where the economy is starting to improve, the housing market is starting to get better. there's a lot of stimulus in the system from the federal reserve and there's a lot of retail investors and a lot of corporations sitting on a lot of cash. in my view, if we just get rid of some of uncertainty in washington and keep the economy moving in the right direction, the market will look after itself. >> fred tomczyk is the president and ceo of td ameritrade. take a look at the s&p, headed back near the lows. but still to come, what's on the horizon for the u.s. dollar after unemployment overseas hits

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nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. and coming up on power lunch at the top of the hour, folks, the three fears plaguing the market this day, earnings, flying and the flu, what all three may mean for you. aig may sue the government over its $182 billion bailout.

is that how you spell gratitude? do they have the right? and we talk to a ceo of a pharma giant whose stock is up. all that and more at the top of the hour. >> yum shares plunging after the company warned of slower sales in china following a compromise over food safety standards. why are you looking past this? >> well, i think if you look past the fact that they talked about the same-store sales, that's all built in. i think the selloff you've seen is built into the stocks. if you look at it technically, on a technical level, these are the levels it's bounced in the past. people look for an opportunity to get into stocks when they're on a pullback. you're talking about a 17 pe on a valuation level. i think they're moving in the right direction. think think offers an opportunity. >> is he wrong?

>> he's very wrong, on technicals especially. let me do that first. this is a very obvious double top a 6-year-old could pick out on the chart. >> ouch. them's fighting words. >> that's the craziest thing i ever heard. >> this should make you nervous. the last time went below 75, it did so on a very negative divergence. momentum is rolling over. this baby is going to have five handle very soon. if you're long -- >> that's one hell of a warning. >> it is a hell of a warning. grasso must be a 6-year-old. he was telling me nothing about double tops, he liked the support it just pulled back to. and china, if they are moving in the right direction, which i said many times i believe they are. and the fact, how about this -- >> by the way, $3.24 a share.

no one is paying out 20 times earnings. this is a clean story that has now become dirty. >> it may cost them pennies on the earnings and they still have themselves a 3.24, which was within the guide range of what they'd given before. >> pete, it a great company. i agree longer term they have china on lock but i got to tell you, this one is headed lower before it goes higher. >> joey, who made the more compelling argument today on yum brands? >> i like what they say and i think there is a buying opportunity coming. but i think josh is right, it could come in the upper 50 range. the reason being just analyst expectations for this is so high. you've got an average price target close to almost $80. the street loves this name and hasn't come down yet. i would expect in the coming days you're going to see a lot of -- >> they're going to be chasing,

chasing after me like they were chasing after those 'bama, guys. >> coming up, what's the effect on the green back and more when we return.

amgen down. they lowered their guidance below consensus. it's because they took out a federal tax credit that has not

been renewed. even still down 1.25%. >> what do you do with amgen. >> i see love this name. i love the biotech, pharmaceutical space. you're looking for opportunities on pullbacks. 1%, i'd like to see more of a pullback. >> is there a name you like best? pharma palooza is going on, jpmorgan health conference. everyone talking about their companies. which one do you like best? >> the one i own, merck. i think there are multiple names that work. pick one. if you go with lilly, a fantastic job. if you look across the board, pharmaceuticals are cheap and have strong pipelines. >> pete is right on the money. i would take it a step further. if you're a fairly conservative investor but recognize the upside in these types of protein-based drugs, why not buy the whole sector. there's an equal way to do that in the etf world, top 40 publicly traded biotechs none

are too big. you don't have that cap weight risk, play the uptrend that we will see and continue to see as baby boomers need more not less drugs. >> is there a place you like better than others? >> amgen. can you get into amgen, sitting right on support. you have this news coming out. they are coming out lowering the bar a little bit. as long as it holds the support sitting on as we speak. get into a quality name on a pullback on the downside. >> joey. >> one of the best names in the industry, strong, strong balance sheet, dividend will continue to flow, share buyback program, deep into 2014. take the weakness and use it as an advantage. >> heard from barbara ryan, onyx, illiad, let's check in what seema is working on for fast at 5:00. >> a lot of movement in biotech. we're also seeing a lot of movement in airline stocks from

boeing's mishap yesterday to deutsche bank upgrading southwest airlines and jetblue. that's a hot debate on twitter. what is the best airline stock to own in 2013. get in on the conversation. don't be shy. tweet us at christina fast money. we'll discuss your tweets tonight at 5:00 p.m. eastern. scott. >> seema, we'll look forward to that. the eurozone hitting a milestone, not exactly the kind it wants with new data showing highest unemployment rate on record in november. are more head winds ahead in europe. bring in eddie bush. good to see you again. >> thanks very much. >> just as we were feeling better about what was going on in europe, now what do we think? >> this gets us back to the tale of where does growth come from, not only the eurozone but united states. in the eurozone when spain is 6.6 unflight, you know you've got a problem, the ecb is going to have to do a lot mayor on easing, quantitative easing, you

name it. they have to step up to the plate and help out the eurozone. >> they probably will. right? that's sort of the idea of the put in the market. they will cut rates if they have to. they will do whatever it takes. >> that's the thing. they have been waiting for spain to ask for the official bailout to out lie omt, step in and buy spanish bonds and so on and really drive rates. the ten-year is 5.10. they would like to see that around 4% or lower. that could happen if ecb steps in and aggressively buys spanish bonds. that's not happening yet. overall ecb needs to cut rates. they have to do more like bank of japan, boe. they are just behind the curve and they need to do more. >> so you think the euro is going lower. what's the exact trade and levels we should be looking for? >> i'm looking to sell the euro. again, i think not only will the ecb do more, i put this out on

andrewbush.com that the s&p is overdone when rallying as much. i want to sell above the levels 131.25. that used to be support, now resistance. i'm looking for 150 points on the downside. 13175. that will be a decent spot. if you get above there you're wrong on the trade. >> andy, good stuff, good plug as well. >> gotta do it. gotta do it. >> i hear you. you get trade every friday on christina's money in motion 5:30 p.m. eastern time. next up we'll talk final trades on halftime. from here to new york stock exchange.

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